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A tax refund is handled as dollars or some other financial asset when you file for chapter seven bankruptcy. The amount of cash you may have on hand from this refund will go towards repayment of one's payments. Any income you get just after filing for bankruptcy is yours to keep.
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Together with the paperwork and counseling accomplished, you’re wanting to file. The filing price is $310, but If you're able to’t manage it, you'll be able to file a petition to obtain it waived.
Depending on your jurisdiction, the trustee will deliver you periodic
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The history of a Chapter thirteen filing stays on the credit report for seven many years. But the clock starts off ticking when you file the petition, not when you have accomplished the repayment plan.
Chapter 13 bankruptcy is made for people who have a consistent supply of cash flow, w